Registered Charity No. 1130571 Company No. 06946733 Ashville Foundation Report and Financial Statements 31 August 2025 Ashville Foundation REPORT AND FINANCIALSTATEMENT5 Year ended 31 August 2025 CONTENTS Page Trustees, report Staternent of Trustee5' respon5ibilitles Independent examlner's report Staternent of financial activitie5 Balance sheet Notes to the financial statements Ashville Foundation TRUSTEES, REPORT Year ended 31 August 2025 REFERENCE AND ADMINISTrATIVE DETAILS OF THE CHARryY, ITS TRUSTEES AND ADVISERS The Trust is registered with the Charity Comrnis510ners under charity reference number 1130571. The 8oard of Trustee5 is a self-appointing body and all thè Trustee5, detailed below, have served throughout rhe period and subsequently, except where indicated. Date of AppointmenVRe5ignation N Hair (Chairl H Jones Appointed I, Sept 2025 R Wilkinson J Oxley G Styles Appointed 1st Sept 2025 B Mottram Resigned 315t Aug 2025 Officer5 Secretary.. Chair.. R RooLe N Hair Aegistered address.. Green L3ne, Harrogate, North Yorkshire, HG2 9JP Adviser5 Bankers Lloyds Bank 8- 11 Cambridge Crescent Harrog8te HGI IPQ Independent examiner Emrna McMurray- ICAEW Chèrtered Accountant Schofield Sweeney LLP 76 Wellington Street Leeds LS12AY Ashville Foundation TRUSTEES, REPORT Year ended 31 AuEUSt 2025 Charitable Objecrs The principal aclivity of the Foundation 15 to provide bursarie5 and other financial support to current and prospective pupils ol Ashville Colle8e who would otherwise be unable to 8ttend the College,- and ancillary to the 8bove, any such exclusNely charitable purposes as the Trustees from time to time may decide. The Foundation rneeis the definition of a public benefit entity under FR5102. The Trustees confirm that they have had re8ard to the guidance contained in the Charily Commi5510n's general guidance on public benefit when reviewing the Foundation's aims and objective and in planning activities. Achievements and perforrnance The main focus in the year to 31 Augusr 2025 has been to provide additional support to A5hville pupi15 and farnilies in need. through the provision of bursaries to cover school fees. During the year the Foundation provided support to two pupils. Following the Introduttion of VAT on to school fee5 in Jan 2025. no further named 8rant5 were awarded. Financial Review The Foundation, with the support of College staff, has a150 been attive in trying to increase the awareness of thé Foundation and its activities. Total Income for the year was £26.72412024.. £37,413). Income conslsted primarily of regular don3tions through current parents of the College. Reserves Policy The Directors, policy is to rn2intain sufficient reserves bt the year-end to cover the Foundation's cornmitment5 forthe followin8 year. At 31 August 2025 the reserves were £29,68412023.. £12,060), no commrtments have been tnade lor the academic year 202S126. Structure. Governance and management The charity is eoverned by the memorandum and artides tsf association Incorporated 29 April 2009. Ashville Fuund8tion 1$ 3 charitable company. The governing body shall be made up of at least three and not more than nine trustees. Trustees shall include.. Ex-offico.. Chair of Governor5 Head of Ashville college One third must retire by rotètion each AGM other than ex-oflico tru5tee5. Retirees can be reappointed lor a maximurn period of nine year5. Related Parties There is a close relationship beiween Ashville College and the Foundation with a number of Governors of the College also being directors of the Foundation. Accounts preparer is also an employee of Ashville College. Auditois The directors of the cornpany have decided not to appoint auditors. By order of the board. Trustee Ashville Foundation STATEMENT OF TRUSTEES, RESPONSIBILITIES Year ended 31 August 2025 The trustee5 are responsible for preparing the tru5tees' report and the financial statements in accordance with applicable law 3nd United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Pr3Cticel. The law applicable to charities in England & Wales requires the trustees to prepare financial statemenrs for each fin3ncial year which give a irue and fair view of the state of affaiis of the charity and of the incoming resources 3nd application of resources of the charity for that period. In prepaiing these financial 5t3tements, rhe trustées are required to.. selett suitable accounting policies and then apply them consistently.. observe the method5 and principles in the Charities SORP IFRS1021,. make judgements and estimates thai are re850nable and prudent,. state whether applicable accounting standards have been followed, subject to any material departures disc105ed and explained in the financial staternents,. and prepare the finanoal staternents on the Boing concern basis unless It is inappropriate to presume that the charity will continue in bu5ine5S. The trustees are responsible for keeping proper accounting records thatdisclose with reasonable accuracyat anytime the financial posilion of the charity and enable them io ensure that th& financial Statements comply with the Charities Act 2011, applicable accounting reeulations and the provi510ns of the trust deed. They are a150 responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and deteaion of frèud and other irregularities. A5hville Foundation INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF ￿HvILLE FOUNDAMON 1.the Foundation") Year ended 31 August 2025 Independent examinels report to the trustees of A5hville Foundatoon I report to the trustees on my examination of the accounts ol the Ashville Foundation 1.the Foundation") for the year ended 31 Augusr 2025. Respon5ibilittes and basts of report As the charity trustees of the Foundation you a￿ responsible for the preparation of the accounts in accord3nce with the requirements of the Ch3ritiesAct 20111'the Att'l. I report in respect of rny eKaminarion ol the Foundation'5 accounts carried out under section 145 of the 2011 Act and in carryin8 Out rny examinarion I have followed all the applicable D1￿ctionS given by the Charity Commission under section 14515llbl irfthe Act. Independent examinerf5 statement I have cofflpleted my exarDination. I confirffl that no material matters have come to Tny attention In connection with the examination givine me cause to believe that in 8ny tnaterial respett.. l. accounting records were not kept in respect of the Trust as required by section 130 of the Act,. or 2. the accounts do not accord with those records," or 3. the accounts do nor comply with the applicable requiremenrs concernin8 the form and content of accounts set out in the Charitse5 (Accounrs and Reportsl Regulations 2008 other than any requirement rhat the accounrs give a 'true and fairview which 15 not z matter ¢on5idered as part of an independent examination. I have no concerns anrl have corne across no other m8tters in connection wirh the examination to which attention should be dr8wn in thi5 reporr in order to enable a proper understanding of the accounts to be reached Si8ned-. Mcll Name.. Emma Mcmurray. ICAEW Chartered Accountant 4 Hereford Road. Harro8ate HGI 2NP Date.- I, July 2026 Ashville Foundation STATEMENT OF FINANCIAL ACTivrriES Year ended 31 Au8USt 2025 Unrestritted Funds d Total Funds T¢ial FuThd5 Funds 2025 2024 Note INCOME.. Income from donations and le8aoes Leeao incorne Incorne from charitable actrvitie5 Donations received Inwestment income Interest received Other incorne TOTAL INCOME 9,958 9.958 16.660 16,660 37.407 loo 26,724 l(K) 26,724 37,413 EXPENDITURE.. Charitable expendf(ure 8ursaries, prizes and scholarships Operèting expenses Independent Examination fees TOTAL ExPEND￿vRE 8,855 246 8.855 246 115,714 443 9,101 9.101 116,157 NET INCOME FOR THE YEAR 17.624 17.624 178,7441 NET MOVEMENT IN FUNDS 17,624 17.624 178,7441 TOTAL FUNDS BROUGHT FORWARD TOTAL FUNDS CARRIED FORWARD 12,060 29,684 12,060 26,684 90,804 12,060 All income and exgenditure derives frorn continuing operations. There are no recognised g8ins and losses for the current and prior period other than as stated above. Ashvllle Foundation BALANCE SHEET Year ended 31 August 2025 Unrestrided Fund5 Restricted Funds Total Fund5 2025 Toial Funds 2024 Note CURRENT￿SEr5 Debtor5 amounts falling due within one year Cash at bank and on deposit 20,000 89.943 119,847 119,847 119,847 119,847 109,943 CREDITORS.. amounts falling due wiihln one year 190.1641 190.1641 197,8831 NET CURRENT ASSETS 29,684 29,684 12,060 TOTALASStrs LE55 CURRENT LIABILITIES 29,684 29,684 12,060 NET ASSETS 29,684 29,684 12,060 FVNDS Restricted Unrestricted 29.684 29.684 12,060 29,684 29.684 12,060 For the year endin8 31 August 2025 the company was entitled io exemption frotn audit under seciion 477 of the Companies Act 2006 relating to small companie5. The Trustees acknowled8e their responsibilities for complyine wrth the requirements of the Act with respect to accountin8 records and the preparation of account5 The members have not required thè Company toobtain an audit of its account5 for the year in question in accordance with section 476. These accounts have been prepared in accordance with the provisitsn5 applicable to companies subject to the 5rnall companies, regime. These financial staternent5 of the Ashville Foundation company nurnber 06946733 were approved by the Board of Trustee5 and authorised for issue on 2026 and signed on their behalf by.. Trustee IIlzoZ Ashville Foundation NOTESTOTHE FINANCIALSTATEMENTS Year ended 31 August 2025 ACCOUNTING POLICIES The Charity 15 registered with the Charity Commission under registration number 1130571. The principal accounting policies adopted bythe Trustees are described below. Basis of Accounting The financial statement5 have been prepared under the hisiorical cost convention and in accordance with the Statement of Recommended Practice "Accountln8 and Reporiing by Charities ISORP 20191" applicable to charities preparing their accounts in accordance with the Financièr Aeportine Stand8rd applicable in the UK and Republic of Ireland IFRS 1021, effective l January 2019, and the Companie5 Act 2(K)6. Basis of preparation of financial staternent5- going concern basls The Directors. having taken account of projected future income and the existing levels of reserves held within the charity, believe that the Foundation has adequate resources to continue its activities for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statement5. Income All income is recognised in the st8teTnent of financial actlvllies when the charity has entitlement to the funds, condition5 for receipt have been rnet, it is probable that ihe income will be received and the amount can be measured reliabw. The followine accountin8 policie5 3r& applSed to income.. Donafions ond legacies Donations received are recoenised in the Statement of Financial Activities in the period in whith the charity is entitled to receipt. Investment income Interest income is recogni5ed as it Is received. Expenditure Direct choritoble experjditure Direct charitable expenditure includes all expenditure directly related tothe objects of the charily and includes the following.. BuT50rie5, prizes onclscholorships Scholarship5 and pri2es are accounted for when the Trustees have accepted a legal or tnoral obligation to make the expenditure. OperotiA)g expendiitsre Orher expenditure represents e¥penditure incurred in the management of the charity's a55et5, organisational administration. and compliance with con5titutionèl and statutory requirement5. Donated services Ashville College employee5 provide administrative assistance io Ashville Found8tion. As this is small and not easily quantifiable, no adju5tFnent has been included in the financial statefflents for this. FuThd accounting The trust holds the following funds. Unrestricted funds- these funds Can be used in accordance with the ch8ritable objects at ihe discretion of the Trustee5 Restricted funds- these funds can only be used for particular restritted purposes within the obje¢t5 of the charity. Restriction5 arise when specified by the donor or when funds are raised for particu18r restricted purposes Ashville Foundation NOTES TOTHE FINANCIAL STATEMENTS Year erbded 31 August 2025 Financial Instruments Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument. All finanaal assets and liabilitie5 are initially measured at transaction price (including transartion costs). The charily onty has financial assets and linancial liabilities of a kind that qualify as basic financial in5trurnents. Baslc financial instruments are Initialty recognised at transaction value and subsequently measured at their settlement value. Taxation As a registered charrty the Foundatlon Is exempr from income tax on its charitable activities. CTltlcal accounting judgernents and key sources of estimation uncertainty In ihe application of the charity's accounting policies. which are described above, the Trustees are required to make jud8ements, estimate5 and assumptions 8bout the carrying amounts o13ssets and liabilities that 3re nor readily apparent from other sources. The estimates and a550ciated assumptltsn5 are based on historical experien￿ and other factors that are considered to be relevant. Actual results may differfrom these estimates. The esiimates and underlyinE assumption5 are reviewed tsn an on-going basis. Revisions to accountin8 esrimates are recognised In the period in which the estirnate 15 revised if the revi5i0n affect5 only ihat period. or In the period of the revision and future periods If the revision affects both current and future periods. The Trustees do not consider there are any critical judgernent5 or sour￿$ of estirnation uncertainty requirin8 disclosure beyond the accovnring policies listed above. NET MOVEMENT IN FiINDS Net movement in funds for the year is stated after charging.. UTrrestricted Unrestricted 2025 2024 Independent Examination Fees Trustee Expense5 The Trustees received no remuneration or expenses in the performance ol their duties asTrustees of ihe Trust in the current or pnor year. There were no trustees reimbur5etnents for 202412023.. £nill. DEBTORS 2025 2024 Amount5 falling due wfthin one year Due from Ashville College Accrued incorne 20,000 20.000 Ashville Foundation NOTESTOTHE FINANCIAL STATEMENTS Year ended 31 Au8USt 2025 cRED￿ORs= AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Amount due to Ashville College 90,164 97,883 90,164 97,883 FUNDS Balance as at I Sept 2024 Incoming resources Resources expended Funds Balance as transferred at 31 August 2025 Unrestricted funds Restricted funds 12,060 26,724 19,1011 29,684 Total funds 12.060 26.724 19,1011 29,684 2024 comparative figures Balance a5 at I Sept 2023 Incorning resources Resource5 expend£d Funds 8alaThce as transferred at 31 August 2024 Unrestricted funds Restricted funds 90,804 37,413 1116,1571 12,060 Total funds 90,804 37,413 1116,1571 12,060 Restriaed fund combine5 all bursaries and financi31 help given to parents io allow children who would not normally be èble to attend A5hville College, the opportunity to attend. RELATED PARTY T114NSACllONS A5hville College collected £16,660 of donations12024.. £37,407) on behalf of A5hville Foundation and received £8.855 01 Grants from Ashville Foundation12024.. £115.7141 during the year. £86 of expen5e5 were paid by khville College on behalf of Ashville Foundation and charged back durin8 the year 12024. £2031. There were no other related party transactions during the year12024.. £13 donation from an indwidual and £20,000 donaiion frorn Ashville College).